Tony Petrello is the incumbent President and CEO of Nabors Industries, an oil and gas drilling and exploration company with services all over the world. Tony has many academic credentials having specialized in law and mathematics. He holds a law degree from Harvard and two Mathematics degrees from the Yale University.
Before joining Nabors, Tony Petrello worked as the managing director in a law firm, Baker, and McKenzie at their New York office. He initially joined Nabors as the chief operating officer before gaining promotion to head the company. Apart from being the company’s CEO, Tony has also served Nabors in other positions, and he served as the group’s deputy chairman for nine years from 2003 to June 2012.
Although Tony topped as the highest paid boss in 2013, he could not achieve the same feat again as most shareholders in the group did not back the board’s compensation plans which were seen to be too generous. As of the 2015 fiscal year, Tony Petrello made slightly less than twenty-eight million U.S Dollars in total compensation. A majority of this compensation was received as bonus and stock with almost ninety percent of the total compensation.
Tony Petrello also sits on the boards of several most notably in Stewart and Stevenson, LLC where he serves as a director and Texas Children’s Hospital where he also acts as a director. In Texas Children’s Hospital, Tony has played a significant role in leading fundraising efforts. This commitment is inspired by personal adversity as Tony’s daughter who is under ten years old suffers from periventricular leukomalacia, which is a neurological disorder common in infants. Many of Tony’s school friends acknowledge his academic prowess. In particular, Lloyd Grove, a journalist who was Tony’s college roommate has nothing but praises for his former friend.